There is no relevant economic data set for release this morning. It appears bonds are reacting to news that cases of the coronavirus have surpassed the SARS epidemic from 2002-2003. It is fueling speculation that there will be a negative impact on the global and domestic economies. However, even though this is good news for bonds and mortgage rates, stock traders don’t share the same level of concern that bond traders have. Hence, the relatively strong open in both stocks and bonds this morning.